epa07960609 US Federal Reserve Board Chairman Jerome Powell holds a news conference after a Federal Open Market Committee meeting in Washington, DC, USA, 30 October 2019. The Federal Reserve lowered the US benchmark interest rate for the third time this year; making it cheaper to borrow money and help boost the mortgage, auto and personal loan markets. The benchmark interest rate was lowered by a quarter percentage point to a range of 1.5 to 1.75 percent.  EPA/MICHAEL REYNOLDS
US Federal Reserve Board Chairman Jerome Powell holds a news conference. The US central bank lowered its benchmark interest rate a quarter percentage pointfor the third time this year; making it cheapShow more

Gulf central banks follow suit after Fed delivers third rate cut




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